the difference would be nearly $216,620
435
which repres-
80 88640 100 364
ents the capital of a yearly rental of or a Crown rent of $288 an acre, so that the Crown
rent would have to be increased to $ 488 an acre.
I notice that Harland and Walff of Belfast have recently buen granted a lease of some ground for extension of their works at £80 and £60 an acre for 31 years, without apparently eny premium and the ground is apparently hard ground and not under
water.
acre equal
In this case
استور
a crown rent of $300 an
£30
at 10 cents per square foot premium zuk z
$4556 per acre,or say £435 which mounted at 4%
Reclamation at 25 cents a suare foot
$10890 per acre or say £1089 which amount-
· ed
at 40 each.
the
£17
£45
Total. £90.
which might be expressed as the annual rental.Of
course in the above the cost if any of Harland and
in laying out the ground, but it is not mention-
Waler
ed as being a reclamation.
HOI.A.C.S.
F.H.M.
▾
- 20/3/900.
The Attorney General's minute set- tles the matter of any legal claim.ho¬everit appears on the papers that Mr. Ormsby has stated that after a conversation with me he was prepared to put up the land at 10 cents & square foot, and this statement has been telegraphed to London. I am anxious to avoid any wpleasantness in the matter if possible. I am there- as to the premium to be paid and also to modify my fore prepared to modify my view/es to the value of
the land so far as to reduce the value per square
foot